As an agreement on railway transportation materialises, Cambodia and Thailand are set to hold a ceremony early next year to celebrate the official opening of the line that will connect Phnom Penh and Bangkok, a representative of the Ministry of Public Works and Transportation (MPWT) said yesterday. The ceremony will be attended by Prime Minister […]
Read MoreSingapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash. The link would bring together Southeast Asia’s first national digital-payment platforms, Singapore’s PayNow and Thailand’s PromptPay, said Naphongthawat Phothikit, director of payment systems policy at […]
Read MoreDespite 2017’s upbeat growth prospects, exports are tipped to expand at a slower pace next year because of volatile crop prices and rising geopolitical tensions hitting global trade, says Kasikorn Research Center (K-Research). The continued price volatility of agricultural products, which account for 20% of exports, is likely to take a toll on 2018’s export […]
Read MoreThe Commerce Ministry is launching a “hybrid retailer” project to modernise small shops by adding new technology to help them reach a wider base, expecting to create market value of up to 40 billion baht a year. The move is part of a policy to support the local economy and link modernised hybrid retailers to […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has raised its 2017 forecast for export growth to 6.5-7.5% after witnessing strong gains the first eight months of the year. The range is well above the previous forecast of 3.5-4.5% and matches the view of the Thai National Shippers’ Council (TNSC) based on strong […]
Read MoreA new regulation from the Board of Investment (BoI) and the rise of digital transformation will stimulate the use of submarine cables and could allow Thailand to become a regional cable option, says a local carrier. “Thailand has the potential to be an alternative international connection point in Asean, in particular as a gateway to […]
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